Injuries at the workplace are common, and therefore it is crucial to obtain financial protection through workmen liability insurance.
Articles Tagged: Workmen Compensation Insurance Policy
Which mode is better for buying Workmen Compensation Insurance policy?
One can buy workmen’s compensation insurance either through a representative of the insurance company(ies) or through the online medium. Traditional Method – Offline mode Advanced Method – Online mode Traditional Mode of Application You can always approach an insurance company, agent, or insurance broker to enquire about the policy features. When opting for this method, […]
Are there any value-added services in workmen compensation?
Employee welfare is crucial for every business to ensure its smooth run and growth. Protecting the employee’s health and welfare benefits both employer and employees. It’s the legal responsibility of every employer to protect employees’ health and safety. The primary and effective way to comply with legal obligations is to avail workmen’s compensation policy. What […]
How to make a claim under a workmen compensation policy?
Workmen’s Compensation policy is the primary solution for employers to safeguard themselves against statutory liabilities to their employees. With a good workmen compensation policy, employers can exhibit their potential to meet the statutory obligations imposed by the workmen’s Compensation Act, 1923. Therefore, must know to make a claim under a workmen compensation policy. Coverage Offered […]
What is workmen compensation?
For any organization, employees are the most valuable tangible assets. The human asset needs the most in the evolution of business in this competitive and dynamic business world. It’s important to safeguard the company’s human assets from workplace hazards. There are some job profiles that would involve a higher risk of injury and even death. […]
What are the exceptions or exclusions in workmen compensation?
Employees are the backbone of any business. Irrespective of business size, it’s important to safeguard the health, safety, and welfare of employees. Inadequate employee care and lack of compensation in the event of mishaps may lead to litigation against the business. The Workmen Compensation Act, 1923 was enacted under the Ministry of Labour to eliminate […]
What Are the Different Types of Medical Expenses Covered Under A Workmen Compensation Policy?
Medical expenses cover can be included as an add-on in a workmen’s compensation insurance policy. Different insurers define the limit of medical benefits differently. Some of these options are: A fixed sum (per case) daily, for the duration of hospitalization The actual amount spent up to the total sum insured as defined at the time […]
Running a Factory? Here’s Why You Need Workmen Insurance
Irrespective of the type of business, there is always a risk of workplace hazards. However, this risk is comparatively higher in factories than in offices. People hired in many small and big factories often have to work in a comparatively unsafe environment than those working in other job types. Such people are more exposed to […]
Why is workman compensation policy important?
Expects every business to keep the work environment safe for its employees. The employer is legally liable to pay compensation. If an employee suffers an injury (leading to disablement) or death due to workplace accidents or illnesses during the scope of employment. The Workmen’s Compensation Act, 1923 clearly states to pay compensation to employees for […]
Risks You Should Consider While Running a Construction Business
The construction business is one of the most complex ones in the industrial sector due to the involvement of machines and equipment on a large scale. Their use increases the risks of accidents at the site. A construction project includes complex and time-consuming procedures with deadlines that can be tough to meet due to the […]